Returned Items. The Financial Institution is authorized to debit the Account with the amount of any Instrument that: a) is not paid on presentation, b) the Financial Institution has paid and is then called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) is drawn on the account of a party that is bankrupt or insolvent,
Appears in 10 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Returned Items. The Financial Institution is authorized to debit the Account with the amount of any negotiable Instrument that:
a) is not paid on presentation,
, b) having been paid, the Financial Institution has paid and is then may be called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) is drawn on the account Account of a party that is bankrupt or insolvent, e) the proceeds of which, through no fault of the Financial Institution, have been lost, stolen, or destroyed,
Appears in 2 contracts
Samples: Account Agreement, Account Agreement
Returned Items. The Financial Institution is authorized to debit the Account with the amount of any negotiable Instrument that:
a) is not paid on presentation,
b) the Financial Institution has paid and is then called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) is drawn on the account of a party that is bankrupt or insolvent,
e) the proceeds of which, through no fault of the Financial Institution, have been lost, stolen, or destroyed,
Appears in 1 contract
Samples: Account Agreement
Returned Items. The Financial Institution is authorized to debit the Account with the amount of any Instrument that:with
a) is not paid on presentation,
b) the Financial Institution has paid and is then called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) is drawn on the account of a party that is bankrupt or insolvent,
Appears in 1 contract
Samples: Joint Venture Agreement
Returned Items. The Financial Institution is authorized to debit the Account with the amount of any negotiable Instrument that:
a) is not paid on presentation,
b) the Financial Institution has paid and is then called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) is drawn on the account of a party that is bankrupt or insolvent,
Appears in 1 contract
